According to Cointelegraph, the former medical device maker known as SkyAI has liquidated its Solana treasury holdings. The company used its available cash reserves—amounting to $223.8 million—to sell all of its SOL assets. Following this sale, SkyAI announced a plan to repurchase shares and warrants through a $201 million buyback initiative.
SkyAI previously managed treasury operations for Solana’s ecosystem. After divesting its SOL holdings, the firm intends to allocate proceeds from the sale toward share and warrant buybacks as part of its current financial strategy. No additional details were provided regarding timing, scope beyond shares and warrants, or market impact.
